Hi everyone. On my report is does say 'factoring companies' and it states the balance which is $1956 and current status say '120+ past due' . I thought they couldn't be ' past due' since they have no due date...but then it says seven year history 0 days late for 30, 60and 90 days. The description says collection account.
Starting Score: 520
I disputed it yesterday but I did not put that they are reporting incorrectly since I just found out this morning. Should I send them a letter saying this?
@baller4life wrote:
@HigherFico wrote:Hi everyone. On my report is does say 'factoring companies' and it states the balance which is $1956 and current status say '120+ past due' . I thought they couldn't be ' past due' since they have no due date...but then it says seven year history 0 days late for 30, 60and 90 days. The description says collection account.
The 120+past due is the part that's wrong. They can't report any past due. Have you disputed through CRAs?
Actually the status 120+ past due isn't wrong. That's the status that was reported from the OC and there is nothing wrong with them putting that on your CR. It's when a CA puts "monthly" derogs that the inaccuracy occurs.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
@baller4life wrote:
@Shogun wrote:
@baller4life wrote:
@HigherFico wrote:Hi everyone. On my report is does say 'factoring companies' and it states the balance which is $1956 and current status say '120+ past due' . I thought they couldn't be ' past due' since they have no due date...but then it says seven year history 0 days late for 30, 60and 90 days. The description says collection account.
The 120+past due is the part that's wrong. They can't report any past due. Have you disputed through CRAs?
Actually the status 120+ past due isn't wrong. That's the status that was reported from the OC and there is nothing wrong with them putting that on your CR. It's when a CA puts "monthly" derogs that the inaccuracy occurs.
I apologize I read that wrong. But they WERE reporting monthly payment lates for me and even reported the monthly payment being $96.
I had many problems with PRA. It got nasty for a bit, the letter from my attorney was the final breaking point.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.